Can I retire at age 55 with 804,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$66,394$65,802$65,225$64,662$64,112$62,035
2 years$32,868$32,256$31,663$31,088$30,530$28,456
3 years$21,694$21,080$20,488$19,918$19,369$17,365
4 years$16,109$15,496$14,910$14,350$13,814$11,895
5 years$12,758$12,149$11,571$11,022$10,501$8,671
6 years$10,525$9,920$9,351$8,814$8,309$6,570
7 years$8,931$8,331$7,771$7,247$6,758$5,109
8 years$7,736$7,141$6,590$6,079$5,606$4,047
9 years$6,806$6,218$5,676$5,178$4,721$3,250
10 years$6,063$5,481$4,949$4,464$4,023$2,637
11 years$5,456$4,879$4,357$3,885$3,460$2,157
12 years$4,950$4,379$3,866$3,407$2,998$1,776
13 years$4,523$3,958$3,454$3,008$2,614$1,469
14 years$4,156$3,597$3,104$2,670$2,292$1,221
15 years$3,839$3,286$2,802$2,381$2,018$1,018
16 years$3,562$3,015$2,541$2,132$1,783$851
17 years$3,318$2,777$2,312$1,916$1,581$712
18 years$3,101$2,566$2,110$1,727$1,406$598
19 years$2,907$2,378$1,932$1,560$1,253$503
20 years$2,733$2,210$1,773$1,413$1,119$423
21 years$2,575$2,058$1,631$1,282$1,002$356
22 years$2,432$1,921$1,503$1,166$898$301
23 years$2,302$1,797$1,388$1,062$806$254
24 years$2,182$1,684$1,284$969$724$214
25 years$2,073$1,580$1,189$884$652$181
26 years$1,972$1,485$1,103$809$587$153
27 years$1,878$1,398$1,024$740$529$129
28 years$1,792$1,317$952$678$478$110
29 years$1,712$1,242$886$622$431$93
30 years$1,637$1,173$825$571$390$78
31 years$1,567$1,109$769$524$352$66
32 years$1,501$1,049$718$482$319$56
33 years$1,440$994$670$443$288$48
34 years$1,382$942$626$408$261$40
35 years$1,328$893$585$375$237$34
36 years$1,277$848$548$346$214$29
37 years$1,229$805$513$318$194$25
38 years$1,183$765$480$293$176$21
39 years$1,140$728$450$271$160$18
40 years$1,099$692$421$250$145$15
41 years$1,060$659$395$230$131$13
42 years$1,024$628$371$213$119$11
43 years$989$598$348$196$108$9
44 years$955$570$327$181$98$8
45 years$924$544$307$167$89$7
46 years$893$519$288$155$81$6
47 years$864$495$271$143$74$5
48 years$837$473$254$132$67$4
49 years$810$451$239$122$61$3
50 years$785$431$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $804,000, adding $3,796 every year, while hoping to spend $21,695 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 30/50/20 Blend
54$804,000$804,000$804,000$804,000
55$889,924$847,312$834,850$910,945
56$957,612$865,747$839,734$945,670
57$1,031,479$884,358$844,054$980,790
58$1,112,129$903,131$847,770$1,018,114
59$1,200,232$922,050$850,836$1,057,845
60$1,296,523$941,098$853,207$1,100,210
61$1,401,813$960,257$854,834$1,145,454
62$1,516,994$979,505$855,666$1,193,853
63$1,643,047$998,821$855,651$1,245,708
64$1,781,054$1,018,179$854,732$1,301,353
65$1,932,206$1,037,554$852,850$1,361,155
66$2,097,815$1,056,918$849,943$1,425,519
67$2,279,323$1,076,238$845,948$1,494,895
68$2,478,323$1,095,483$840,796$1,569,777
69$2,696,566$1,114,616$834,417$1,650,710
70$2,935,982$1,133,598$826,736$1,738,296
71$3,198,695$1,152,387$817,675$1,833,201
72$3,487,048$1,170,940$807,152$1,936,157
73$3,803,618$1,189,207$795,083$2,047,975
74$4,151,246$1,207,137$781,377$2,169,549
75$4,533,061$1,224,675$765,942$2,301,864
76$4,952,511$1,241,762$748,679$2,446,009
77$5,413,393$1,258,334$729,485$2,603,185
78$5,919,890$1,274,323$708,254$2,774,717
79$6,476,611$1,289,658$684,873$2,962,068
80$7,088,634$1,304,260$659,225$3,166,851
81$7,761,553$1,318,046$631,187$3,390,848
82$8,501,531$1,330,930$600,631$3,636,024
83$9,315,357$1,342,816$567,422$3,904,546
84$10,210,514$1,353,604$531,421$4,198,806
85$11,195,244$1,363,189$492,482$4,521,443
86$12,278,630$1,371,455$450,451$4,875,369
87$13,470,677$1,378,283$405,167$5,263,795
88$14,782,411$1,383,544$356,466$5,690,264
89$16,225,980$1,387,101$304,170$6,158,686
90$17,814,770$1,388,809$248,100$6,673,371
91$19,563,529$1,388,514$188,064$7,239,075
92$21,488,509$1,386,051$123,864$7,861,044
93$23,607,616$1,381,246$55,293$8,545,065
94$25,940,581$1,373,916$0$9,297,518
95$28,509,146$1,363,863$0$10,129,258
96$31,337,267$1,350,880$0$11,057,072
97$34,451,342$1,334,747$0$12,077,760
98$37,880,460$1,315,231$0$13,200,814
99$41,656,673$1,292,083$0$14,436,701
100$45,815,300$1,265,042$0$15,796,960